Chinese Travelers to Spend $14 Billion Overseas During Spring Festival, Ctrip Says

(Beijing) — Chinese travelers are expected to spend 100 billion yuan ($14.5 billion), while on vacation outside the mainland during the upcoming Chinese New Year holiday in late January and early February, according to Ctrip, China's largest travel services website.

Rising incomes and friendlier visa policies for Chinese passport holders have allowed more people to break away from the tradition of spending the Lunar New Year at home. And a depreciating yuan is unlikely to make a significant dent in travel numbers, the company said in a report last week.